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Fortinet FTNT Inventory turnover

Inventory turnover at other companies

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MicrosoftMSFT
97.6×+20.0×
Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
5.7×-0.8×
F5, Inc. logo
F5, Inc.FFIV
7.5×-0.6×
Ubiquiti Inc. logo
Ubiquiti Inc.UI
2.7×+0.3×
Viavi Solutions Inc. logo
Viavi Solutions Inc.VIAV
4.5×+0.4×
Fortive logo
FortiveFTV
4.1×+1.1×

Other financials

Income statement

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Revenue$1.8B+20.1%
Gross profit$1.5B+19.1%
Operating income$580.0M+27.8%
Net income$534.5M+23.3%
EPS (diluted)$0.72+28.6%

Balance sheet

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Cash & equivalents$2.2B-38.2%
Total debt$567.2M-47.3%
Total equity$989.7M-49.6%
Total assets$9.9B-5.0%

Cash flow

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Operating cash flow$1.1B+24.8%
CapEx$70.6M+6.2%
Free cash flow$1.0B+26.3%

Valuation

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Market cap$106.04B-18.3%
Enterprise value$104.38B-17.7%
P/E54.3×-14.8×
P/S14.9×-6.2×

Profitability

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Gross margin80.3%-1.0pp
Operating margin31.1%-0.4pp
Net margin27.5%-3.1pp
FCF margin34.3%+0.6pp

Returns & leverage

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Return on equity132.4%
Debt / equity0.6×0.0×
Current ratio1.2×-0.2×

Where this comes from

Calculated from Fortinet’s reported figures.

Based on trailing twelve months.

The official record: Fortinet’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fortinet's inventory turnover?
Fortinet (FTNT) reported inventory turnover of 3.8× in Q1 2026.
How has Fortinet's inventory turnover changed year-over-year?
Fortinet's inventory turnover increased by 33.9% year-over-year, from 2.9× to 3.8×.
What is the long-term trend for Fortinet's inventory turnover?
Over 5 years (2020 to 2025), Fortinet's inventory turnover has grown at a -3.4% compound annual growth rate (CAGR), from 4.4× to 3.7×.
What does inventory turnover mean?
How many times a year the company sells through and restocks its inventory.
How do you interpret inventory turnover?
Higher turnover ties up less cash in stock and reduces obsolescence risk, but too high can signal stock-outs and lost sales. Read against peers and the company's own history.
How does inventory turnover compare across companies?
Only meaningful for businesses that carry inventory; automatically null for asset-light and financial firms with no inventory line.